Bedell Cristin’s Guernsey funds group has acted as lead counsel for Darach Capital Investments LP – a new fund established in the Island to invest in cask whisky.
Formed by industry figures with many years of experience in the whisky industry in Scotland and elsewhere, the fund has been established to invest in whisky as it ages in casks, ahead of blending and bottling.
A spokesperson for the group says the Guernsey QPIF regime is a “quick to market, light-touch regulatory framework for funds in what is, for many, the jurisdiction of choice for the establishment of investment funds and other investment structures across a wide range of asset classes”.
John Scanlan, who led the team, said: “We are very pleased to have been able to advise our clients on the launch of Darach Capital Investments LP.”
Mr Scanlan continued: “The formation of this innovative fund demonstrates so much that is good about our industry in Guernsey – showing how Guernsey fund products are so well-suited to the needs of emerging managers and private capital investors, innovative investment strategies and opportunities around the world.”
He concluded: “It was particularly rewarding to work on the establishment of a fund under the new QPIF Rules so soon after their publication.”
Administration services to Darach Capital Investments LP have been provided by the Orbitus Group.